About us

Colonnade Insurance S.A. (Colonnade)

Colonnade Insurance S.A. (Colonnade) is a Luxembourg based non-life insurance company fully owned by Fairfax and established for a strategic expansion of the Fairfax insurance business in Central and Eastern Europe.

We are licensed to underwrite 17 of the 18 statutory classes of non-life Insurance (except Class 10 – Motor Vehicle Liability). Our licenses are extended to Freedom of Services for all EU member states. The company currently maintains and forecasts the maintenance of a strong solvency ratio, well above the required levels.

We operate through branches

We operate through branches in Bulgaria, the Czech Republic, Hungary, Romania, Poland, Slovakia, and a subsidiary in Ukraine with the help of a team of more than 500 experienced specialists. We offer products for consumer and corporate clients and have an A- financial strength rating. Our registered capital is EUR 9 500 000.

Branches operate on a decentralized basis but having strong internal culture where market practice leaders share their expertise cross-branch. The empowered underwriting teams apply a focused underwriting strategy to their markets.

Executive management

Peter Csakvari - General Manager
John Ockenden - Chief Actuary
Andras Sellyei - Chief Financial Officer
Natalia Nagornaia - Head of Risk Management
Babette Chambre - Head of Compliance
Julien Immelé - Head of Internal Audit

Board of directors

Bijan Khosrowshahi - Chairman of the Board
Jean Cloutier - Board Member
Peter Csakvari - Board Member
Frederick Gabriel - Board Member
Leo de Waal - Board Member
Marnix Ernst Wielenga - Board Member

Management team

Grzegorz Kulik

General Manager

Agata Grygorowicz

Head of Commercial

Paweł Żmudzki

Head of Consumer

Karina Dyksińska-Goc

Head of Operations

A woman with blonde hair wearing a black jacket

Michał Dunia

Chief Financial Officer

Sabina Słuszkiewicz

Head of Claims

Konrad Piech

Head of Legal

Beata Bamburska

HR Manager

We are part of Fairfax

Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited is a holding company operating in the financial services sector. Through its subsidiaries, it is engaged in property and personal insurance, reinsurance, and investment management. Fairfax was founded in 1985 by the current Chairman and Chief Executive Officer, V. Prem Watsa. The company has been under present management since 1985 and is headquartered in Toronto, Canada. Its shares are listed on the Toronto Stock Exchange (under the symbol FFH and in U.S. dollars under the symbol FFH.U.). Fairfax insurance and reinsurance companies operate on the basis of decentralisation and autonomous management teams in each country. More information about the holding is available at www.fairfax.ca

Our priority is to provide excellent client service and the development of innovative insurance products in Central and Eastern Europe.

27 insurance and reinsurance companies

nearly 40,000 employees, 22,000 work in the insurance/reinsurance field

over 200 profit centers

USD 32.8 billion of premium in 2024

Our values

Honesty and integrity are essential in all our relationships and will never be compromised.
We are results oriented – not political.
We are team players – no “egos”. A confrontational style is not appropriate. We value loyalty – to Fairfax and our colleagues.
We follow the Golden Rule: we treat others as we would want to be treated.
We are hardworking but not at the expense of our families.
We always look at opportunities but emphasize downside protection and look for ways to minimize loss of capital.
We are entrepreneurial. We encourage calculated risk taking. It is all right to fail but we should learn from our mistakes.
We will never bet the company on any project or acquisition.
We believe in having fun – at work!